Gastrointestinal Devices Medtech Market Valued At $13–14 Billion In 2021 And Is Expected To Grow At A Cagr Of 5% By 2026

By Author: Tejashri
Total Articles: 61
Comment this article

The growth of the Gastrointestinal Devices MedTech market is being driven by an ageing population, an increase in GI procedures, an increase in cases of colorectal cancer, and screening requirements in many healthcare systems. Growing robotics use and focus to AI are providing further momentum for market expansion.

Medi-Tech Insights’ latest research report on Gastrointestinal Devices MedTech market analyses the worldwide market with respect to product and geography.

The Gastrointestinal Devices MedTech market is divided into four product-specific segments: GI endoscopes, endotherapy devices, laparoscopes, and laparoscopic devices. It is evident from our research and interviews with industry professionals that the largest product segment is GI endoscopes. Within endoscope market, reusable endoscopes form major chunk of the market, owing to the fact that they are high-cost capital equipment with relatively greater adoption. However, single-use endoscope market is anticipated to expand more quickly. Shift driven by relatively lower acquisition cost, lower level of training & skills, no reprocessing cost and no risk of cross-contamination. Ambu and Boston Scientific are two major companies that offer single-use endoscopes.

“Currently, penetration of single-use endoscopes in GI is